I notice that many of the cities people are investing in, at least from my limited experience, seem to be in the mid-west, south and east coast.
Because I live in Southern California, I am thinking that keeping my out of state investing a little closer to home is a good idea. I've read that both Boise, ID and Salt Lake City, UT are good areas to invest in.
My question is, are there any people here who invest in those areas, and if so, do you use a turn key company or go it on your own?
Thanks in advance for any suggestions or comments!
Hi @Anne A - I invest in Boise, and am an agent in Boise. I have pretty much gone it on my own, but I do know local companies (some of which are connected on BP) that are always looking for investors to partner with on deals here. Boise has a great quality of life, which is attracting many from out of state to our area to live right now. Many of these people rent, at least to start.
I am planning to begin investing in the SLC area in the next 6 months, but it is definitely very different from LA. I am still doing research on the different communities, but I am thinking of going with a SFH investing approach possibly in Davis County.
I've been an agent in the south Davis county area for the last 11 years and can definitely help with any questions you may have about the different cities. I Have owned my share of Rentals in Centerville and Bountiful both have done well for the last 10 years. I've multiple investors with single-family homes and also townhomes from North Salt Lake to Kaysville.
Getting pre-approved for a mortgage may be a good place to start to see what you can qualify for, and how you can use that money to the fullest.
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